Question: Explain the key factors that determine the yield on a given interest-paying security(i.e. bond). Explain how each of these factors determines why the yield is

Explain the key factors that determine the yield on a given interest-paying security(i.e. bond).  Explain how each of these factors determines why the yield is different between one security and another.  How can this analysis be used to estimate the risk-free rate of return? 

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